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Corporate actions processing can be considered one of the most manual and risk prone areas facing the securities industry. Corporate actions are not just a back-office challenge, but can have an impact throughout the enterprise, from front-office trading strategies to risk and compliance.
Firms need to have access to high-quality corporate actions data delivered in a format that can be seamlessly integrated into their financial systems and applications. If institutions cannot effectively process corporate actions, or if the information that they monitor is not timely or accurate, they could miss out on important investment opportunities or make a decision based on flawed or out-of-date information.
Interactive Data is a leading provider of timely, high-quality information on global corporate actions for numerous event types throughout the business day. The data and services provided can empower clients to effectively monitor events that impact the financial markets, and help them reduce their exposure to operational and reputational risks.
Interactive Data tracks numerous sources daily to collect and validate information to create a composite record of each event. These events are tracked throughout the lifecycle of the corporate action, providing critical updates and amendments as they are announced. The Company’s global data collection team uses a wide range of sources, including corporate filings, exchange feeds, transfer agents, newswire services and other informative sources. Data collection operations around the world with local market and language expertise help provide a comprehensive Corporate Actions Service.
On-demand, intra-day, and end-of-trading day access to corporate actions data sets are available from Interactive Data. This data can be delivered in a variety of formats, including XML, proprietary and industry standard ISO 15022, streamlining client integration. It can also be customized based on client specific processing needs.
Interactive Data works closely with formal standards bodies and industry associations and continues to focus on opportunities to expand its coverage and optimize data delivery.
Interactive Data Corporate Actions Service
The Evolving Nature of Corporate Actions – contributed blog post by Charlie Price for the SWIFT Dialogue Website, March 2013